Growing Application Base to Bolster Aerial Imaging Market Growth

According to a new market report published by Credence Research, Inc. “Aerial Imaging Market (Government (Urban Planning, Monitoring Environmental Changes, Public Security, Energy Sector Management, etc.), Commercial, Defense, Construction, Agricultural and Forestry, Energy and Mining, and Insurance) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the growing adoption of aerial imagery systems in varied industry verticals is one of the major factors boosting demand for aerial imagery solutions. The trend is expected to continue during the forecast period 2015 – 2022.

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Growing interest in location based services, especially for applications including remote monitoring, navigation, and commercial advertising has ensured greater penetration of the aerial imaging technology in multiple verticals. The escalating demand in diverse verticals is further sustained by technological advancements in aerial platforms and imaging technology. The budding camera technologies including Hawk-Eye, Eagle-Eye, and UltraCam Osprey has provided the necessary impetus for widespread adoption of aerial imagery systems. Traditionally, the use of aerial imaging solutions was limited to defense and security, cartography, and civil engineering to an extent. However, increased awareness regarding the benefits offered (precision, reach, etc.) by these solutions have extended their applications to surveillance, intelligent inspection, disaster preparedness and risk study, insurance, and tourism among others. The leading players in the aerial imaging market have already begun accelerating their efforts to develop advanced unmanned aerial mapping systems capable of offering similar benefits as aircraft imaging, but at less costs. If these unmanned aerial mapping systems are able to sustain in the market, it will only augment the demand for aerial imaging systems in wide range of applications across varied industry verticals.

The penetration of aerial imaging technology was majorly limited to the developed economies of North America and Europe till recent past. However, emerging economies of Asia Pacific and Latin America have slowly begun to gather momentum. The growth in these regions is majorly contributed by favorable government initiatives promoting foreign investment in the geospatial industry. As such, favorable government support along with the right to information policy has been instrumental in increasing the awareness regarding GIS based information systems in Latin America. This, in turn has played a key role in expanding the application base of aerial imaging solutions in these regions.